Pursuits
Burgundy Beats Bordeaux as Buyers Push Auction Price to Records
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Prices of top Burgundies are at record levels in auctions around the world this month as wealthy wine investors favor them over Bordeaux.
Buyers from Asia and other regions are focusing on Burgundy, especially Domaine de la Romanee-Conti, the region’s most desirable and expensive label. Demand for top Bordeaux remains steady, though prices are down about 20 percent from record levels in mid-2011, dealers said.